Invesco RAFI Correlations

Etfs . USA . 
Etf . Invesco RAFI Strategic
IUS Etf  USD 52.10  0.33  0.64%   
The current 90-days correlation between Invesco RAFI Strategic and Invesco International BuyBack is 0.39 (i.e., Weak diversification). The correlation of Invesco RAFI is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Invesco RAFI Correlation With Market

Almost no diversification

The correlation between Invesco RAFI Strategic and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Invesco RAFI Strategic and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Invesco RAFI Strategic. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Invesco Etf

  0.98VTV Vanguard Value IndexPairCorr
  0.98VYM Vanguard High DividendPairCorr
  0.98IWD iShares Russell 1000PairCorr
  0.97DGRO iShares Core DividendPairCorr
  0.97IVE iShares SP 500PairCorr
  0.92DVY iShares Select DividendPairCorr
  0.97SPYV SPDR Portfolio SPPairCorr
  0.92FVD First Trust ValuePairCorr
  0.97IUSV iShares Core SPPairCorr
  0.79NOBL ProShares SP 500PairCorr
  0.79DIG ProShares Ultra OilPairCorr
  0.66MLPR ETRACS Quarterly PayPairCorr
  0.8USD ProShares Ultra SemiPairCorr
  0.76YCS ProShares UltraShort YenPairCorr
  0.76TBT ProShares UltraShort Downward RallyPairCorr
  0.84ATMP Barclays ETN SelectPairCorr
  0.74AMZA InfraCap MLP ETFPairCorr
  0.83HD Home DepotPairCorr
  0.87CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.7TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.64GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.8BAC Bank of America Aggressive PushPairCorr
  0.76XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.92INTC Intel Fiscal Year End 23rd of January 2025 PairCorr
  0.9CSCO Cisco Systems Aggressive PushPairCorr
  0.76DIS Walt Disney Aggressive PushPairCorr
  0.7JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.9AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against Invesco Etf

  0.67NRGU Bank Of MontrealPairCorr
  0.74JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.7BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.65KO Coca Cola Aggressive PushPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FAD
+ 0.91
VRIG
FAD
+ 0.82
FYT
RNDV
+ 0.79
FAD
RNDV
+ 0.68
VRIG
FYT
+ 0.58
VRIG
RNDV
+ 0.54
FYT
  
High negative correlations   
FYT
- 0.17
IPKW
VRIG
- 0.14
IPKW
FAD
- 0.04
IPKW

Invesco RAFI Constituents Risk-Adjusted Indicators

There is a big difference between Invesco Etf performing well and Invesco RAFI ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Invesco RAFI's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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